ADDRESS
62 E Park Place
Morristown, NJ 07960
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Experience the pinnacle of modern luxury and thoughtful design in this brand-new, architecturally crafted 2-family home, offering an impressive open plan of sophisticated living space on a double lot. Positioned across from the scenic 8th Ward Park and Milkowsky Park, this residence is designed for flexible living arrangements or a lucrative investment opportunity with excellent rental income. Both units boast a bright, open-concept layout, featuring contemporary eat-in kitchens with premium finishes, spacious living rooms, and convenient laundry rooms. The 1st floor unit offers 3 bedrooms and 3 full bathrooms, with a large family room, providing added versatility for entertaining, relaxation, or extended living space. The 2nd floor unit features 3 bedrooms and 2 full bathrooms, thoughtfully designed for comfortable, single-level living. Each unit includes separate utilities, including central air conditioning, gas-forced air heating, individual water heaters, and separate electric and water meters. Additional highlights include a 2-car garage and a double-wide driveway, offering up to 4 off-street parking spaces. This home presents a turnkey solution for the modern homeowner or investor, with the opportunity to generate steady monthly rental income between $4,800-5,500+, or explore the possibility of owner-occupancy with rental income potential. This home may qualify for a grant and a 2 year fixed rate mortgage at 5% for offers over $1.2M through our preferred lender.
3 weeks ago | Listing updated with changes from the MLS® | |
4 weeks ago | Price changed to $1,125,000 | |
a month ago | Listing first seen on site |
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